TBC Group Balanced Guaranteed Issue Package

Plan A: If you are not covered by WCB or WSIB…

Guaranteed Issue Accident and Sickness Benefits

Summary of Coverage

Weekly Accidental Income

Up to $700 per week benefit for accidental injuries causing disability for on or off the job accidents, 0 day elimination period, based on 70% of gross business income

Renewable to age 70

Max benefit period of 260 weeks

Permanent & Total Disability

Up to $500,000 additional benefit

If after 5 years of continuous disability due to accident, and you are deemed to be permanently disabled, a lump sum benefit amount of up to $500,000 may be paid based on a schedule corresponding to $700 per week until age 65

$300,000 Accidental Death

The benefit amount would be paid if you died as a result of an accident on or off the job

Up to $600,000 Accidental Dismemberment & Loss of Use

An amount is paid according to a schedule of benefits in addition to any other benefits otherwise payable

cancer – 90 day waiting period/30 day survival period (subject to the pre-exist clause)

coronary artery surgery or aorta surgery -30 day survival period

A second event benefit is payable if you are diagnosed with cancer, then having been actively back to work 90 days, you are diagnosed with heart attack, stroke, coronary by-pass surgery, a second event benefit amount would be paid. Also, if you had been diagnosed with heart attack, stroke, by-pass surgery for which the principle sum has been paid, and then after 90 days after returning to work you are diagnosed with cancer, then the second principle sum would be paid.

The serious illness benefits terminate at age 65

Emergency Travel Medical

Up to $5 million of benefit may be payable for emergency medical expenses for accident or sickness while travelling outside your home province

Plan B: If you are covered by WCB or WSIB…

This package is designed to top-up your WCB benefit to $700 per week for at work injuries, and $700 per week for off the job injuries

The more serious the injury, the more money is paid out!

A Well Balanced package of Guaranteed Issue Accidental Injury and Serious Illness Benefits

This Plan duplicates Plan A except for the following:

Weekly Accident Income – max $700 per week

For at-work injuries, up to $500 of weekly personal income benefit, 0 day elimination period to top up your WCB to a maximum all sources payout of $700 per week

For off-the-job injuries, up to $700 of weekly personal income benefit, 0 day elimination period

Permanent and Total Disability

A lump sum benefit of $200,000 is paid if the insured is deemed to be permanently and totally disabled as a result of an accident

Continuous Total Disability means the insured’s persons complete inability to perform the substantial and material duties of their occupation resulting from an accidental injury which occurs within 30 days of the accident and continues for 365 days thereafter.